In this InvestorNews interview with host Tracy Weslosky, Russell Fryer, CEO and Executive Director of Critical Metals PLC (LSE: CRTM), shared insights into the strategic developments at their past-producing Molulu Copper/Cobalt Project in the Democratic Republic of Congo (DRC). Russell outlined plans for essential infrastructure improvements, particularly the rehabilitation of a 28km road crucial for local logistics, which will facilitate the resumption of copper ore sales from Molulu. He also highlighted the positive outlook for the copper market, mentioning, “Copper prices have actually changed a lot… We saw the Bank of America come out and say they expect a 30% rise in the copper price within the next 12 months.”
Russell also provided an update on the drill program aimed at enriching the company’s mining block model and developing a JORC-compliant report, which are key steps toward escalating the Molulu project towards production. Additionally, Russell discussed the company’s strategic move to expand Critical Metals’ investor base with an upcoming listing on the US OTCQB market.
The interview also delved into the potential financial backing from the US Government, with Russell discussing the recent receipt of a term sheet for an $11 million loan, supported by loan guarantees. This financial support highlights the confidence in the viability of Critical Metals’ operations in the region to bring critical minerals to the global market.
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About Critical Metals PLC
London listed Critical Metals plc is focused on identifying low CAPEX and OPEX brown-field projects with near-term production and cash-flow, concentrating on minerals that have strategic importance to future global economic growth. In line with this, and with an off-take partner already in place, the Company is currently focused on recommencing production at the formerly producing Molulu Copper/Cobalt Project in the Katangan Copperbelt in Democratic Republic of Congo (‘DRC’).
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This interview, which was produced by InvestorNews Inc., does not contain, nor does it purport to contain, a summary of all material information concerning FendX Technologies Inc. (the “Company”), including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
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Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on www.sedarplus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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